801 S 1ST Avenue, Phoenix, AZ 85003
$550,000
Property Type:
Multiple Dwellings
Status:
Closed
Current Price:
$550,000
Last Modified:
5/20/2025
Description
801 S 1st Ave is a triplex situated on a corner lot in Downtown Phoenix. The mix consists of (2) 1bed/1bath and (1) 3bed/1bath units, all separate buildings that are individually metered for electricity and fenced with private yards. Plenty of parking and residents have quick access to attractions like Footprint Center, Chase Field, Roosevelt Row and all of the vibrant restaurants, bars and entertainment spaces Downtown Phoenix has to offer.
This triplex presents a great opportunity for investors looking for a value add opportunity or a short erm rental. Units were recently renovated/modernized by the seller (roof/kitchens/bedrooms/exterior/etc) but a new owner can expand on these to further optimize rents.
Drive by only. Do not disturb tenants.
More Information MLS# 6691116
Contract Info
Current Price: $550,000
Sold Price: $550,000
Status: Closed
List Date: 2024-04-12
Ownership: Fee Simple
Location Tax Legal
House Number: 801
Compass: S
Street Name: 1ST
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85003
Zip4: 2503
Country: US
County Code: Maricopa
Subdivision: GERIGS SUB.
Assessor Number: 112-24-001-C
Tax Year: 2023
General Property Description
Lot Size Dimensions: 7,250
Year Built: 1909
Uncvrd Parking Spcs: 6
Total # of Units: 3
# of Buildings: 3
Zoning: R-5
Elementary School District: Phoenix Elementary District
High School District: Phoenix Union High School District
Remarks Misc
Cross Street: BUCKEYE/1ST AVE
Directions: North to Sherman, corner of 1st Ave and Sherman. 2 units face north to Sherman and one faces west to 1st Ave
Geo Lat: 33.439923
Geo Lon: -112.074689
Status Change Info
Status Change Date: 2024-06-27
Off Market Date: 2024-06-10
Under Contract Date: 2024-06-10
Close of Escrow Date: 2024-06-26
Sold Price: $550,000
Legal Info
Township: 1N
Range: 3E
Section: 8
Lot Number: 1
Showing Notification Methods
Showing Service: Non-MLS Showing Service - See Private Remarks
1 Bedroom Units
# 1 Bedroom Units: 2
Avg Rent: 1310
Avg SqFt: 460
# Baths: 1
3 Bedrooms Units
# 3 Bedroom Units: 1
Avg Rent: 1437
Avg SqFt: 996
# Baths: 1
Sold Info
Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Project Type: Tri-Plex
Construction: Block; Wood Frame
Const - Finish: Painted; Stucco; Siding
Roofing: Composition
Floors: Other
Sale Includes: Land & Building; Personal Property
Community Features: Other
Exterior Amenities: Fenced; RV/Boat Parking; Patio/Balcony
Interior Amenities: Other (See Remarks)
Appliances Included: Other
Heating: Natural Gas
Cooling: Electric; Window/Wall Unit
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; >1 Space Per Unit; Add'l Parking Avail; Free
Owner Pays: See Remarks
Tenant Pays: Electricity; Gas
Source of Fincl Data: Other (See Remarks)
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Other (See Remarks)
Environmental: None
Listing Office: Orion Investment Real Estate
Last Updated: May - 20 - 2025
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